The Delaware Tourism Office is launching the Delaware Sports Tourism Capital Investment Fund to provide financial support to sports facilities in the state. The fund was established through the FY24 Bond Bill and will be open for applications from March 1 to April 12.
Delaware Tourism Office Director Jessica Welch said, “This fund was created to support new or existing sports facilities that hold events and tournaments throughout the year, bringing in out-of-state visitors and creating an economic impact at the state and local level.” Welch further explained that the fund will help provide financial support to these facilities so that Delaware can remain competitive when it comes to sports tourism.
Recently, Delaware has hosted a number of high-profile sporting events, including the Atlantic 10 Women’s Basketball Tournament, the PGA’s 2022 BMW Championship, and the MEAC Volleyball Championship. Welch notes that the plan is to provide funding for a range of different facilities.
Events held on weekends during the summer are particularly important because they bring a lot of money to the state and create a reputation at the facility where they are held. Officials expect that this fund will help attract more visitors and continue to shine a light on reasons to visit Delaware.
The Delaware Tourism Office will be holding two informative webinars later this month for possible applicants to learn more about the fund and how to apply.